Law enforcement agents carry out enforcement action; seal Lagos & Abuja properties of Alhaji Abdulrahman Musa Bashar over $40 million debt.
Enforcement proceedings commenced today, Wednesday 23 September 2026, against assets linked to Alhaji Abdulrahman Musa Bashar, Chairman of the Rahamaniyya Group of Companies, in Lagos and Abuja, following Nigerian court orders obtained by Petrichor Energy FZCO in connection with an approximately US$40 million debt dispute.
The enforcement action follows a 25 February 2026 order of the Federal High Court, Lagos Judicial Division, granting Petrichor Energy FZCO leave to register a judgment of the High Court of Justice of England and Wales and registering that judgment for purposes of enforcement in Nigeria.
The Federal High Court subsequently issued writs of attachment and sale dated 15 May 2026, directing enforcement against assets belonging to Bashar and, under a separate writ, Bashar and Ultimate Oil & Gas FZCO. The enforcement operation is now being carried out across Lagos and Abuja, with court enforcement documents served and posted at properties connected to the respondents.
The Nigerian action is the latest stage of a multi-jurisdictional recovery effort arising from unpaid petroleum product transactions between Petrichor Energy, formerly known as CE Energy DMCC, and Ultimate Oil & Gas.
Between 2022 and 2023, Petrichor Energy supplied gasoil and Jet-A1 aviation fuel to Ultimate Oil & Gas. According to the case materials, the transactions resulted in approximately US$40 million remaining outstanding, leading to legal and arbitration proceedings across several jurisdictions.
On 14 February 2025, the Commercial Court of the High Court of Justice of England and Wales delivered judgment in proceedings involving CE Energy DMCC and Bashar, alongside separate proceedings involving Ultimate Oil & Gas DMCC. The judgment addressed obligations arising under Bashar's personal guarantee, as well as principal sums, interest and costs. The Court also declined to grant a stay of execution.
On 30 March 2026, the English High Court subsequently granted a worldwide freezing order against Bashar and Ultimate Oil & Gas.
Law enforcement agents carry out enforcement action; seal Lagos & Abuja properties of Alhaji Abdulrahman Musa Bashar over $40 million debt.Enforcement proceedings commenced today, Wednesday 23 September 2026, against assets linked to Alhaji Abdulrahman Musa Bashar, Chairman of the Rahamaniyya Group of Companies, in Lagos and Abuja, following Nigerian court orders obtained by Petrichor Energy FZCO in connection with an approximately US$40 million debt dispute.The enforcement action follows a 25 February 2026 order of the Federal High Court, Lagos Judicial Division, granting Petrichor Energy FZCO leave to register a judgment of the High Court of Justice of England and Wales and registering that judgment for purposes of enforcement in Nigeria. The Federal High Court subsequently issued writs of attachment and sale dated 15 May 2026, directing enforcement against assets belonging to Bashar and, under a separate writ, Bashar and Ultimate Oil & Gas FZCO. The enforcement operation is now being carried out across Lagos and Abuja, with court enforcement documents served and posted at properties connected to the respondents. The Nigerian action is the latest stage of a multi-jurisdictional recovery effort arising from unpaid petroleum product transactions between Petrichor Energy, formerly known as CE Energy DMCC, and Ultimate Oil & Gas.Between 2022 and 2023, Petrichor Energy supplied gasoil and Jet-A1 aviation fuel to Ultimate Oil & Gas. According to the case materials, the transactions resulted in approximately US$40 million remaining outstanding, leading to legal and arbitration proceedings across several jurisdictions.On 14 February 2025, the Commercial Court of the High Court of Justice of England and Wales delivered judgment in proceedings involving CE Energy DMCC and Bashar, alongside separate proceedings involving Ultimate Oil & Gas DMCC. The judgment addressed obligations arising under Bashar's personal guarantee, as well as principal sums, interest and costs. The Court also declined to grant a stay of execution.On 30 March 2026, the English High Court subsequently granted a worldwide freezing order against Bashar and Ultimate Oil & Gas.
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